A Tax Increase I Can Support
By Arnold Kling
Getting rid of the mortgage interest deduction. Subsidizing mortgage indebtedness is not a good thing.
I am not buying any “starve the beast” arguments. My personal starve-the-beast approach is to donate a lot of my income to charity. But the spending beast needs to be slayed directly. Get rid of the mortgage interest deduction, cut spending, then cut marginal tax rates.